Aircraft management companies provide comprehensive services to aircraft owners, relieving them of the many individual responsibilities of owning an aircraft. These companies are invaluable for owners who wish to enjoy the benefits of their aircraft without the burdens of the day-to-day operations that jet ownership requires.
The primary role of an aircraft management company is to handle all the intricacies involved in aircraft ownership. Such companies offer tailored services to ensure that the aircraft is well-maintained and ready for flight at all times while also complying with all legal and safety standards. Let’s explore the many duties of an aircraft management company and the management services available through Magellan Jets.
responsibilities of aircraft ownership
One of the ways that aircraft management companies can help is by taking on the responsibilities of aircraft ownership—which include paying crew, handling paperwork, routine maintenance, managing fuel, and more.
training, managing, and paying pilots and crew
One of the most significant responsibilities of owning an aircraft is managing the human resources aspect, which includes hiring, training, and paying pilots and crew members. This involves ensuring they are properly trained and certified while managing their schedules and ensuring their availability aligns with flight requirements. Depending on how often your aircraft is in use, multiple sets of pilots and crew may be needed—this is necessary to keep you flying while also meeting requirements for crew rest time.
handling paperwork and certifications
Owning an aircraft involves a substantial amount of paperwork and certifications. This includes regulatory compliance, insurance documents, and various certifications that must be kept up-to-date. Managing these documents is important to ensure the legal operation of the aircraft.
maintenance requirements and schedules
Regular maintenance is key to ensuring the safety and longevity of the aircraft. This includes scheduled maintenance, inspections, and addressing any repair needs. Maintenance schedules must be strictly followed to ensure the aircraft remains in optimal condition and is compliant with safety standards.
managing fuel, fees, incidentals, and storage
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The logistics of aircraft operation encompass handling fuel costs, various fees, and other incidental expenses. Additionally, storage of the aircraft when it’s not in use—usually in hangars—needs to be arranged. These logistical aspects require careful planning and management to optimize costs and ensure availability.
the need for an aircraft management partner
Given the complexities and time-consuming nature of managing these responsibilities, having a management partner becomes essential for aircraft owners.
A management partner takes on these tasks, allowing owners to enjoy the benefits of their aircraft without the hassle of its day-to-day operations. They provide expertise and resources that individual owners may not have access to, making the management of the aircraft efficient and cost-effective.
what services are provided by aircraft management companies?
While aircraft management companies can provide value by taking on certain responsibilities, there are specific areas where their services are truly appreciated.
maintenance and repairs
Aircraft management companies handle the most important aspects of maintenance and repairs. They are responsible for coordinating and scheduling routine maintenance checks to ensure the aircraft remains in top condition, which includes regular inspections and servicing.
Beyond scheduled maintenance, these companies also efficiently manage unscheduled repairs, addressing any unexpected issues that arise. Their established industry connections enable them to secure better prices on parts and services due to their bulk purchasing power, offering clients the best value.
flight support
Flight support is another critical service offered by aircraft management companies. They manage all aspects of flight planning, including flight tracking and managing itineraries, to ensure smooth operations. They also take care of the finer details of each trip—such as routing—providing a seamless travel experience for the aircraft owners.
customizing your jet
For owners looking to personalize their aircraft, management companies may offer customization services. They can assist with interior layout and paint job modifications, putting you in contact with contractors and working with specialized interior design firms. This collaboration helps turn an owner’s vision for their jet’s interior into reality.
pilots and crew management
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Managing pilots and crew is a significant responsibility undertaken by aircraft management companies. They handle hiring competent pilots and crew, providing necessary training, and managing their work schedules.
Ensuring compliance with regulatory requirements, such as FAA crew duty time, is another critical aspect of their service. These companies also manage the administrative aspects, including arranging accommodations for crew and handling payroll.
meeting regulatory guidelines
Aircraft management companies ensure that all paperwork and certificates are current, maintaining compliance with aviation regulations. Adhering to FAA rules and managing aircraft insurance are integral parts of their services, ensuring the legal and safe operation of the aircraft.
hangar solutions
When the aircraft is not in use, management companies arrange and negotiate for hangar space. They provide secure and cost-effective storage solutions, ensuring that the aircraft is well-protected and ready for use when needed.
offsetting ownership costs
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To help offset the costs of owning a jet, management companies can arrange for the aircraft to be chartered out when not in use by the owner. They handle the complexities of managing charter operations, including legal, operational, and financial aspects, making it a hassle-free process for the owners.
what are the benefits of using an aircraft management company?
An aircraft management company simplifies the complexities of aircraft ownership. It consolidates various operational aspects into a single point of communication, eliminating the need for owners to interact with multiple agencies or service providers. This simplification significantly streamlines the process, saving time and reducing the administrative burden on the aircraft owner.
But the benefits extend beyond mere convenience. Magellan Jets and our management partners adopt a performance-based structure, aligning our success with efficiently operating the client’s aircraft. This approach fosters a partnership where both the management company and the aircraft owner prosper together.
Plus, an effective management company brings more than just operational efficiency. They offer savings and reduced operating costs through their purchasing power and long-established relationships with vendors, maintenance/repair facilities, and FBOs/airports. This buying power means owners can potentially pay less for replacement parts, repairs, and fuel, further reducing the overall cost of aircraft ownership.
Lastly, Magellan Jets’ international reach and resources are significant advantages for jet owners. Our ability to facilitate repairs and access resources globally ensures that clients receive consistent and high-quality service, no matter where they are.
choosing the right aircraft management company
When selecting an aircraft management company, there are several key factors that aircraft owners should consider to ensure they choose a partner that best suits their needs.
A great management partner should offer a comprehensive range of services, effectively making them a one-stop shop for all jet ownership needs. This includes not just operational management like flight planning and crew management but also administrative tasks such as handling paperwork, regulatory compliance, and financial management.
Another important aspect to consider is the company’s purchasing power and its relationships with vendors, maintenance and repair facilities, and FBOs/airports. An experienced management company with strong industry connections can leverage these relationships to offer significant cost savings to aircraft owners. This can reduce expenses in various areas, such as parts replacement, repairs, and fuel costs.
aircraft management services by magellan jets
chartering your aircraft to our guests
A unique aspect of our service is our ability to arrange charter flights on your aircraft (if you so choose) by placing your aircraft into our network. This not only provides a steady stream of income to help offset ownership costs but also ensures the aircraft is utilized efficiently.
We’ll arrange the charters on your behalf, taking the logistical burden off of your hands and booking flights for our high-quality, committed customer base. Never worry who’s flying on your aircraft, as we know each of our Jet Card Owners, members, and on-demand charter guests personally.
Supplemental lift guaranteed
Magellan also provides the invaluable service of supplemental lift. This is especially important when an owner’s aircraft is unavailable, either due to maintenance, repairs, or because it has been chartered out. In such scenarios, we ensure that our aircraft owner clients can access alternative aircraft that meet their unique needs, all by tapping into our extensive global network.
Most of all, our service offers peace of mind. We ensure clients always have a jet at their disposal—even on short notice—through our charter, membership, and Jet Card services.
complete financial transparency
While aircraft management companies are adept at handling things like repairs, maintenance, and upgrades, it is rare to find one that will be able to provide a complete cost breakdown on request. With Magellan Jets and our management partners, you’ll be able to view the complete financial performance of your jet, with real-time visibility into charter scheduling and revenue, as well as access to the full breakdown of any maintenance events, crew expenses, or other costs associated with operation and ownership.
take to the skies with confidence
In the dynamic and demanding world of private aviation, utilizing an aircraft management partner like Magellan Jets is more than a convenience—it’s a strategic decision. We offer a unique blend of expertise, resources, and dedication, turning the complexities of aircraft ownership into a streamlined, enjoyable experience and helping to offset your investment.
By choosing a partner like Magellan Jets, you can navigate ownership with confidence, knowing that every detail of your aviation needs is expertly managed.
Are you ready for a new way to manage your aircraft?
Submit your information and our Private Aviation Consultants will be in touch promptly—or, call us now at 877-550-5387.
